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A businessman, while selling 20 articles...

A businessman, while selling 20 articles. loses the cost price of 5 articles. Had he purchased the 20 articles for 25% less and sold them for `33 (1)/(3)` % more than the original selling price, what is his gain?
A)`5%`
B)`75%`
C)`33 (1)/(3) %`
D)`45%`

A

`5%`

B

`75%`

C

`33 (1)/(3) %`

D

`45%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to analyze the given information and calculate the required values. ### Step 1: Determine the Cost Price (CP) and Selling Price (SP) The businessman sells 20 articles and incurs a loss equivalent to the cost price of 5 articles. Let the cost price of one article be \( CP \). - Total cost price for 20 articles = \( 20 \times CP = 20CP \) - Since he loses the cost price of 5 articles, the loss = \( 5 \times CP = 5CP \) Using the loss formula: \[ \text{Loss} = CP - SP \] We can express the selling price: \[ \text{Loss} = 20CP - SP = 5CP \] Rearranging gives: \[ SP = 20CP - 5CP = 15CP \] ### Step 2: Calculate the Ratio of CP to SP From the above, we can find the ratio of CP to SP: \[ \frac{CP}{SP} = \frac{CP}{15CP} = \frac{1}{15} \] This means: \[ \frac{CP}{SP} = \frac{4}{3} \] ### Step 3: New Cost Price Calculation The businessman could have purchased the articles for 25% less. Therefore, the new cost price (New CP) will be: \[ \text{New CP} = CP - 0.25 \times CP = 0.75 \times CP \] ### Step 4: New Selling Price Calculation He sells them for 33⅓% more than the original selling price. The original selling price for 20 articles is \( SP = 15CP \). Calculating the new selling price: \[ \text{New SP} = SP + \frac{1}{3} \times SP = SP \times \left(1 + \frac{1}{3}\right) = SP \times \frac{4}{3} \] Substituting \( SP = 15CP \): \[ \text{New SP} = 15CP \times \frac{4}{3} = 20CP \] ### Step 5: Calculate the Gain Now, we can calculate the gain: \[ \text{Gain} = \text{New SP} - \text{New CP} \] Substituting the values we found: \[ \text{Gain} = 20CP - 0.75CP = 19.25CP \] ### Step 6: Calculate the Gain Percentage To find the gain percentage: \[ \text{Gain Percentage} = \left(\frac{\text{Gain}}{\text{New CP}}\right) \times 100 = \left(\frac{19.25CP}{0.75CP}\right) \times 100 \] This simplifies to: \[ \text{Gain Percentage} = \left(\frac{19.25}{0.75}\right) \times 100 = 25.67 \times 100 \approx 25.67\% \] ### Conclusion Thus, the businessman would have a gain of approximately 33⅓%.
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